Business and Finance news

A group of noteholders of bankrupt regional theme park operator Six Flags Inc said on Sunday it submitted an alternative reorganization plan that transfers most of the equity to them.
The group said their plan, submitted to Six Flags’ board of directors on November 25, was supported by noteholders owning more than $500 million of […]

Twitter Inc. will reportedly try premium accounts in Japan through its subsidiary there, according to reports from Asia on Friday.
Media Asia reported that an official from DG Mobile, a subsidiary of Twitter's Japanese partner Digital Garage, talked about the plans at the Mobidec2009 conference.
The site said the premium accounts will show some text on tweets […]

In a sign that more foreclosures could be on the horizon, 23% of people with mortgages owe more than their home is worth, according to a report released Tuesday.
Almost 10.7 million U.S. mortgages were "underwater" as of September, said research firm First American CoreLogic.
Another 2.3 million homeowners are within 5% of negative territory, […]

To Val Sklarov, giving tax breaks and millions of dollars in city loans to move a law firm a few blocks across downtown is basically un-American.
But is it legal?
That’s now a question for the courts to decide, after Sklarov filed a lawsuit last week challenging St. Louis city incentives for the redevelopment […]

Creditor protection for your registered retirement savings plan has been delayed again by political posturing over Ontario’s plan to adopt a harmonized sales tax.
The HST, a combined federal and provincial sales tax totalling 13 per cent on most goods and services as of next July, would also whittle away your retirement savings.
But it would do […]

Former Bank of England Deputy Governor John Gieve said the U.K. economy may have passed a “turning point” as the pound’s slide helps it recover from the longest recession on record.
“The level of the pound is going to help the U.K. to benefit from a resurgence in world manufacturing,” Gieve said in an […]

Broad public support will be required to ensure Canada makes the right moves to expand pension coverage while the shortfall in retirement income is such a hot topic.
The question is whether politicians will hear from many of the potential 3.5 million middle-income workers whom pension expert Keith Ambachtsheer thinks would benefit most from […]

Federal Reserve officials on Thursday downplayed the consequences of the falling U.S. dollar, underscoring that deflation is still a threat, especially with commercial real estate prices falling.
Dallas Fed President Richard Fisher said in an interview with Market News International that the weakening dollar, which hit a 15-month low against major currencies on Monday, is […]

Wal-Mart’s much-awaited Black Friday deals will focus on a gamut of gadgets such as high-definition TVs, laptops and Blu-ray players, as well as holiday gift favorites such as toys and DVDs, according to a copy of the retailer’s circular obtained by CNNMoney.com.
While not confirming the entire circular, a Wal-Mart spokeswoman confirmed some of the […]

The Hawaii Medical Service Association lost $32 million in the third quarter — a result of continued hits from rising health-care costs and declining investment income.
It lost approximately $19 million during the same period last year.
The state’s largest health plan collected $411.1 million in premiums in the third quarter and paid out $403.9 million in […]